Industry

Odisha CM Lays Foundation Stone For Rs 3,000cr Welspun Plant

Textile Insights February 19, 2024

Odisha Chief Minister Naveen Patnaik on Saturday laid the foundation stone for the Rs 3,000-crore Welspun Group’s Integrated Textiles Manufacturing Facility and Warehousing Complex. The facility coming up in Choudwar in Cuttack district is expected to create 10,000 employment

Industry

SIMA Raises Awareness In Textile Sector On ‘Competition Law’

Textile Insights February 15, 2024

SIMA conducted an awareness programme titled ‘Competition in Textile Market’ to enable textile manufacturers to understand the scope of the Competition Law to sustain competitiveness and achieve sustained growth. V. Sriraj, Joint Director (Law), Southern Regional Office, CCI addressed the participants on the role played by CCI at the awareness seminar, which was attended

Industry

Hyosung Invited To Invest In Bangla MMF Fibres Textiles Sector

Textile Insights February 15, 2024

The President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan called upon Hyosung Corporation to invest in manmade fibre textiles sector. He made the call when a delegation of BGMEA led by him visited Hyosung Corporation in South Korea. In the meeting they discussed issues related mutual trade interests, especially the prospect of […]

Industry

Ethiopia Gets $28mn From UNIDO To Promote Textile Sector

Textile Insights February 14, 2024

Ethiopia signed a US $28 million agreement with the United Nations Industrial Development Organization (UNIDO) to promote growth of the Ethiopian textile and apparel industry. The project will be financed in collaboration with the Global Environmental Facility (GEF) of which UNIDO’s share of the program is $3 million. Over the next five years, the Ethiopian […]

Industry

Global Trade Associations Urge Unity To Keep Red Sea Open

Textile Insights February 14, 2024

100 various industry trade associations from across the globe including the American Apparel & Footwear Association (AAFA) and the International Apparel Federation (IAF) called for a wider cooperation to keep shipping lanes open and safe. The signatories, representing a range of critical industries like food and agricultural products, retail, energy, clothing, shoes,

Industry

Bangladesh’s RMG Export Journey: A Saga Of Resilience Amid Global Challenges

February 13, 2024

In the dynamic landscape of global trade, Bangladesh’s Ready Made Garment (RMG) sector has displayed commendable resilience and adaptability, as reflected in the performance data spanning from 2018 to 2023. In 2023, Bangladesh’s RMG exports surged to an impressive US$ 47.39 billion, marking a 3.67% growth compared to the preceding year. This robust performance

Industry

Organisations Must Balance Data Security And Privacy With Broader Objectives Of Business

February 13, 2024

As 2024 unfolds, organizational leaders, from the CEO down to the manager, have much on their plates. They are contending with diverse challenges to achieving sustained growth, navigating the impact and risks of emerging technology and attracting and retaining talent, to name just a few. For their part, Chief Information Security Officers (CISOs) are increasingly […]

Industry

Sun Chemical Addresses Global Freight Challenges Amid Red Sea Crisis

February 13, 2024

In response to the ongoing geopolitical instabilities affecting maritime transportation through the Suez Canal and Red Sea, Sun Chemical has announced the implementation of selected freight surcharges on a global scale. Since November, the region has experienced severe disruptions, impacting approximately 30% of the world’s container trade. Delays and rerouting

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Industry

HMX Offers Sustainable Cooling Systems For Industrial Sectors

Textile Insights February 12, 2024

HMX, an A.T.E. Group company, offers cooling solutions based on water rather than refrigerant gas, as water-based cooling always supplies only fresh air as against refrigerant air, where air is just re-circulated. HMX stands for ‘Heat Mass Exchange’ and is a company which manufacturers sustainable cooling options called Dama heat exchangers. HMX was set up […]